/THIS PRESS RELEASE OR THE INFORMATION CONTAINED HEREIN IS NOT BEING
ISSUED IN OR INTO, AND MAY NOT BE DISTRIBUTED DIRECTLY OR INDIRECTLY IN
OR INTO, THE UNITED STATES OF AMERICA OR ANY JURISDICTION WHERE TO DO
SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH
CALGARY, Feb. 10, 2014 /CNW/ -
Clean Oil La Fit ("COLF")
BA Energy Inc. ("BAE"), a fully-owned subsidiary of Value Creation Inc.
("VCI") has filed regulatory applications with the Alberta Energy
Regulator ("AER") and the Alberta Environment and Sustainable Resource
Development ("ESRD") for an Amendment of the Heartland Upgrader Project
("HUP"), located in Strathcona County within the Alberta Industrial
BAE plans to modify its conversion process to produce premium medium
crudes which best suit the changing North American refinery markets
where light crudes and extra heavy crudes are long in supply and medium
crudes are in decline. Refineries processing medium crudes represent,
by far, the largest refinery segments in North America and globally.
The changes proposed in the Amendment are all within the previously
approved project area, and offer a significant reduction in emissions
and superior environmental performance, besides lower cost.
Dr. Columba Yeung, Chairman of Value Creation Group, noted: "This
affirms our commitment to Clean Oil La-Fit ("COLF"), our Mission and
Brand. BAE is a pivotal component of our
Aggregation-Customization-Trading implementation strategy."
Clean Oil La-Fit ("COLF"™):
Transformation of Extra-Heavy-Hydrocarbons (inclusive of bitumen,
extra-heavy-oils, residues, etc.) to Clean Oils/Crudes (best) Fitting
majority of refineries globally (with their current processing
facilities), at Lowest Cost, Sustainably.
VCI holds oil sands leases with vast resources and, through synergistic
application of its breakthrough proprietary COLF technologies, aspires
to be a valued contributor to enhance real added-values to the oil
sands value chain, in co-operation with stake-holders.
CAUTION ON FORWARD-LOOKING STATEMENT - DISCLAIMER
This communication is based on information available when this
communication was prepared and is provided as a matter of convenience
only. VCI makes no warranty or representation, express, implied,
statutory or otherwise, as to the accuracy or completeness of the
information contained in this communication. VCI disclaims liability
for any reliance upon any information or representation contained in
this communication, for any omissions from this communication, and for
any written or oral communications made by VCI or its representatives
in connection with this communication. This communication does not
necessarily contain all the information that a recipient may require or
desire. Any reliance or use of such information is done at the
recipient's sole risk. This communication is not and under no
circumstances is it to be construed as an advertisement or offer to
sell any securities of VCI. Certain statements contained in this
communication may be prospective in nature and constitute
forward-looking statements. Such statements involve known and unknown
risks, uncertainties, and other factors that could cause VCI's actual
results, performance or achievement to differ materially from those
expressed in, or implied by, the forward looking statements.
Accordingly, no assurance can be and none is given in this
communication that any of the forward looking statements will transpire
or occur, or if any of them do so, what benefits VCI will derive therefrom. VCI disclaims
any intention or obligation to update or revise any forward looking
statements, whether as a result of new information, future events or
SOURCE: Value Creation Inc.
For further information:
Call 403.539.4500, or visit the website: www.vctek.com.